Details of this Paper

Given the general linear demand relation

Description

solution


Question

Question;Given the general linear demand relation: Qd= 680 ? 9P + 0.006M ? 4PR, where M is income and PR is the price of a related good (R), then if M = $15,000 and PR =$20 and the supply function is QS = 30 + 3 P, equilibrium price and quantity are, respectively

 

Paper#57101 | Written in 18-Jul-2015

Price : $19
SiteLock